ISTANBUL (Turkey), November 28 (SeeNews) – Turkish defence company Aselsan [BIST:ASELS] said on Thursday it has decided to absorb its wholly-owned unit Mikes Microwave Electronic Systems through a facilitated merger process.
Aselsan has applied for a regulatory approval of the proposed merger, it said in a bourse filing.
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Mikes is mostly active in radar, electronic warfare and intelligence fields, Aselsan said upon announcing that it has acquired the remaining 3.0% stake in Mikes on Thursday.